Rand Mining : Quarterly EKJV Exploration Report

EKJV Exploration Report

September 2016 Quarter

ASX ANNOUNCEMENT

31 October 2016

Australian Securities Exchange Code: RND

Board of Directors:

Mr Otakar Demis

Chairman and Joint Company Secretary

Mr Anton Billis

Managing Director

Mr Gordon Sklenka

Non-Executive Director

Mr Roland Berzins

Joint Company Secretary

Suite G1, 49 Melville Parade South Perth WA 6151

T: [phone]

F: [phone]

E:[e-mail]

W: www.randmining.com.au ABN: 41 004 669 658

Rand Mining Ltd (ASX code: RND) has pleasure in providing the Quarterly EKJV Exploration Report dated 31 October 2016.

For further information, please contact:

Roland Berzins

E:[e-mail]

Ph: [phone]

EASTKUNDANAJOINTVENTURE September 2016 Quarterly EKJV Exploration Report

For distribution to JV Partners:

• Northern Star Resources Limited

• Tribune Resources Limited

• Rand Mining Limited

CONTENTS

1. SUMMARY3

2. EXPLORATION ACTIVITY3

3. Far Kundana West Geophysics3

4. FUTURE WORK 4

5. APPENDIX 1 5

6. TABLES AND FIGURES

   Table 1 - EKJV exploration activity for the September Quarter.3

   Figure 1 - Far Kundana West SAM survey results.3

7. SUMMARY

   No exploration drilling was undertaken on the EKJV tenements in the September quarter of FY1617. Exploration focus moved from near mine activity to longer term generative development of the tenure.

   A large geophysical survey covering the western part of the tenement package was the completed during the quarter. This will assist in the generation of exploration targets away from the main operating mines.

   Project	Prospect	Tenement	SAM Geophysical Surveys
   EKJV	Far Kundana West	M16/421	789 Ha
   EKJV		M15/1413	17 Ha
   EKJV		M15/993	129 Ha
   TOTAL			935 Ha

   Table 1 - EKJV exploration activity for the September Quarter.

8. EXPLORATION ACTIVITY

9. Far Kundana West Geophysics

10. A sub-audio magnetics (SAM) geophysical survey was undertaken over EKJV tenements M15/1413, M16/421 and M15/993 through the latter part of August. The survey was designed to complement and combine with a 2014 survey on the WKJV tenement M16/213.

    Results for the survey received in September have identified several linear structures. These structures are orientated NW-SE (304-360), slightly oblique to stratigraphy and sub- parallel to regional significant structures such as the Zuleika shear zone, located 5km to the east. Future RAB drilling will test the target areas identified in the SAM survey.

    Figure 1 - Far Kundana West SAM survey results.